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Certainly it does. It could be repoed multiple times, and each time this occurs more and more fees and penalties are added to the original or remaining balance of the loan. If you cannot afford the payments, your best option is to surrender the vehicle and seek other means of transportation.

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Q: If the car was repoed and you got it back does it matter if they repo it again?
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Related questions

What will happen to you if the repo man comes to get your car while you're traveling out of state?

1)he will take the car you left if that is the car to be repoed. 2)If you are traveling in the car to be repoed he will wait for you to return and repo it after you get back.


Do repo papers have to be shown when your car is being repoed?

no


If a car is repoed can they repo your new car?

If you aren't paying for that car's payments then yes. The only reason why your car should be repoed it because the payments aren't being made on it. It doesnt matter if your car is from the 1940's or if you brought the car last month, the car can be repoed if you dont pay the payment for 2 or more months (consult dealership for it's repo rules).


Can they put you in jail if they repo your car?

NO, not for just being repoed.


What if the repo company didn't get a 'hold' message not to repossess and they went ahead and took the car?

IF you payed current B4 it was repoed, then the lender will bring it back, uaually. If it was simply put on hold and repoed, you pay to get it back. The LENDER is responsible for repos.


What information do you need to ask the police if your car got repoed?

The police are not usually involved in a repo. The finance co. can legally take back their security if you default- and probably won't give it back, but you can contact them if you want to.


Can repo men your other car to get to the other car?

I missed my payment on my jeep and they repoed my other car. Can they do that


Is it better to drop off your car before it is repoed?

Financially it doesn't matter, but at least you know when you're going to drop it off rather than have it repoed and have to walk home, and it's usually a pain to get your personal belongings from the repo guys. Also if you have anything aftermarket, including stereo, they won't let you take it.


Can a repo company come on private property without permission move another car that is parked behind said car to be repoed and in process cause damages to your home and said car to be repoed?

Repo laws are different for each state. Check for laws in your state or advise what state you are in.


Who do you contact to haul repoed cars for the bank But not doing the actual repo?

that all depends on what state you want them hauled in


But once filed in Magistrate do you get a chance to answer or will you have to surrender car the same day?

the repo man come and repo my car the police made him bring the car back because he didn't have a signed consent from magistrate after going to magistrate will I have a chance to answer the dispository or will the car be repoed the same day


Can your car be repoed while parked in your garage?

Well yes, But if you lock your garage then the repo officer will have to come to your door in order to get the car.